Endesa and Red Electrica de Espana (REE) have agreed to work together more closely to drive the development of electricity transmission infrastructure in Spain for the supply of power to the mainland markets.
The aim of the agreement is to reduce the red tape involved in the development of electricity transmission infrastructure so planned projects can be carried out as soon as possible. Endesa and REE are committed to continuously improving the quality of supply, especially at times like now when demand is rising sharply. The agreement should speed up the development of the grid, thereby improving the service and the ability to meet the rise in demand and new connections to the grid.
Each company will receive the benefits of acting jointly in transmission networks in its area of operation. For Endesa, this implies an upgrade to its plants that supply the peninsular markets (Andalusia, Catalonia, Aragon and Extremadura) and for REE, the development of the transmission grid, which benefits the entire electricity system.
In this way, Endesa can make inroads in planned investment in distribution (over euro 4500 million of gross investment to 2008). The highlight of its investments is the Tramuntana Plan in Catalonia, which entails the installation of 39 substations and 150 km (93 miles) of aerial and 50 km (31 miles) of underground lines.
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